FOR IMMEDIATE RELEASE 22 September 2025
Manx Financial Group plc
(the "Group")
Manx Financial Group plc provides Fiinu plc with a £2 million Convertible Loan Note
Manx Financial Group PLC (AIM: MFX), the holding company providing a range of diversified financial services to the Isle of Man and the United Kingdom, announces that, further to the commercial agreement announced yesterday, its wholly owned subsidiary, Conister Bank Limited ("Conister"), has entered into a £2 million convertible loan note agreement with Fiinu plc ("Fiinu"), an AIM-listed technology platform provider. This two-year note carries an annual interest rate of 10% and is convertible into 20 million ordinary shares of Fiinu at a conversion price of 10 pence per share (representing approximately 5.2% of Fiinu's existing share capital), with the conversion being at the discretion of Conister.
As an AIM Rule 12 transaction, Conister considered that Fiinu, listed on AIM since 2022, has a market capitalisation of approximately £51 million and recorded a loss of £700,068 for the year end 2024. The funds from this facility will be utilised by Fiinu for general working capital purposes. As of the current date, Fiinu's shares are trading at a premium to the conversion price.
Douglas Grant, Managing Director of Conister Bank Limited and Chief Executive Officer of Manx Financial Group PLC, stated:
"This facility is part of the Group's strategy to enhance its lending technology by integrating with experienced market-leading product providers for our customers benefit. The optionality within this facility also allows the Group to potentially generate a return greater than debt interest alone".
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014, as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
For further information, please contact:
| Manx Financial Group PLC |
Beaumont Cornish Limited |
Tavistock Communications Limited |
Greentarget Limited |
| Denham Eke |
Roland Cornish/ James Biddle |
Simon Hudson/ Adam Baynes |
Jamie Brownlee |
| Tel: +44 (0) 1624 694694 |
Tel: +44 (0) 20 7628 3396 |
Tel: +44 207 920 3150 [email protected] |
Tel: +44 (0) 20 3307 5726 |
Nominated Adviser
Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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